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Tidy Tidy
wrote...
Posts: 4852
9 years ago
Comparative advantage means
A) the ability to produce more of a product with the same amount of resources than any other producer.
B) the ability to produce a good or service at a lower opportunity cost than any other producer.
C) the ability to produce a good or service at a higher opportunity cost than any other producer.
D) compared to others you are better at producing a product.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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DropxDropx
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Posts: 1991
8 years ago
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8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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